Asia Mixed as Oil Keeps Gaining

Asia markets traded mixed on Tuesday as investor sentiment turned cautious over rising energy prices and heightened geopolitical tensions.

In Japan, the Nikkei 225 returned from a long weekend to squeeze ahead 13.03 points, or 0.1%, to 22,001.32

On Monday, U.S. President Donald Trump said the United States had reached initial trade agreements with Japan on tariffs and digital trade that will not require congressional approval.

The Japanese yen traded at 108.15 against the U.S. dollar, weakening from an earlier level around 108.01.

In Hong Kong, the Hang Seng Index retreated 334.31 points, or 1.2%, to 26,790.24.

Australian markets enjoyed positive readings as most sectors recovered. The energy sub-index added 1% as oil names in the country gained.

The Australian dollar changed hands at $0.6843, down from levels near $0.6870.


In China, the CSI 300 slumped 66.5 points, or 1.7%, to 3,891.22

Reports said new home prices in China grew at their weakest pace in nearly a year in August as a slowing economy and existing curbs on speculative buying put a dent on overall demand.

In other markets

In Korea, the Kospi index eked up 0.11 points to 2,062.33

In Taiwan, the Taiex Index 23.63 points, or 0.2%, to 10,874.50

In Singapore, the Straits Times Index backtracked 20.93 points, or 0.7%, to 3,183.

In New Zealand, the NZX 50 regained 36.28 points, or 0.3%, to 10,868.03

In Australia, the ASX 200 added 21.77 points, or 0.3%, to 6,695.25